SkyBridge Capital And Woori Investment & Securities Announce Strategic
Provides Investors Based in Asia with Access to Multi-Advisor Hedge Fund
NEW YORK, July 9, 2013
NEW YORK, July 9, 2013 /PRNewswire/ --SkyBridge Capital (SkyBridge), a
research-based alternative investment firm headquartered in New York, and
Woori Investment & Securities (Woori I&S), headquartered in Seoul, South
Korea, today announced a strategic partnership that will allow for the
distribution of SkyBridge's hedge fund products throughout Korea and other
regions in Asia. In conjunction with the partnership, Woori has also
allocated capital to a SkyBridge fund of hedge funds vehicle.
Representing every type of market participant from large institutional
investors to individual retail investors, SkyBridge manages or advises on
approximately $7.9 billion in assets as of April 30, 2013. This agreement
further solidifies the firm's commitment to increase global distribution of
its hedge fund product portfolio, including multi-advisor, multi-strategy fund
of hedge fund products, custom portfolios and advisory services.
"Forging a partnership of this kind with one of the largest securities firms
in Korea underscores our commitment to provide alpha-centric hedge fund
solutions to a broad, global investor base, as well as shows increased
appetite for this type of product among investors in Asia," said Raymond
Nolte, co-managing partner and chief investment officer at SkyBridge Capital.
"We are delighted to team up with a world-class player such as Woori and look
forward to strategically expanding the relationship over time."
Woori I&S offers a broad range of financial services, including wealth
management, investment banking and prime brokerage. With client assets of
W148.9tn, Woori I&S serves its clients through its more than 117 domestic
branches in Korea and 13 overseas offices and subsidiaries.
"Investors in this region are seeking to diversify portfolios to include more
alternative investment options," said Eun Soo Kim, head of global division for
Woori I&S. "We believe that SkyBridge's thoughtful, thematic investment
strategy and high-conviction approach to alpha generation will help us to
provide our clients with a high-quality hedge fund investment option."
SkyBridge was recently ranked by Hedge Fund Intelligence as the top performer
in both the "Global Multi-Strategy $500M-$1BN" and "Global Multi-Strategy
>$1BN" categories for 2012 (as reported in the March 2013 issue of
InvestHedge). The firm also produces a large annual investment conference in
the U.S. and Asia called the SkyBridge Alternatives "SALT" Conference. SALT
Asia 2013 will convene more than 1,000 participants, including the world's top
thought leaders, hedge fund managers and investors from around the globe at
the Marina Bay Sands in Singapore, September 24-27, 2013.
About SkyBridge Capital
Founded in 2005, SkyBridge Capital is an alternative investment firm with
approximately $7.9 billion in total assets under advisement or management as
of April 30, 2013. The firm provides investment management products, portfolio
management and advisory services addressing every type of market participant,
from large institutional investors to individual retail investors. SkyBridge
offers investment services for commingled funds of hedge funds products,
customized separate accountportfoliosand hedge fund advisory services.
Headquartered in New York, the firm also has a presence in Zürich,
About Woori Investment & Securities
Woori Investment & Securities is a core subsidiary of the Woori Financial
Group, one of the largest financial groups in Korea. The organization provides
wealth management, investment banking and prime brokerage services to its
broad client base. Headquartered in Seoul, South Korea, Woori I&S has more
than 3,000 employees across its domestic branches and overseas subsidiaries.
For more information, please visit www.wooriwm.com.
212.279.3115 ext. 249
SOURCE SkyBridge Capital
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